Brain Alchemy Masterclass Psychotactics
Brain Alchemy Masterclass Psychotactics
Brain Alchemy Masterclass Psychotactics
MASTERCLASS
Los Angeles
WWW.PSYCHOTACTICS.COM
Congratulations!
And Kia Ora from New Zealand,
Thanks again for making a wise decision to invest in the Brain Alchemy
MasterClass Home Study. It's always exciting to open up a box full of
goodies, and I know you must feel like a five year old on Christmas morning
as you read this note.
I realize you're keen to get right into this Home Study. Keen to read the
notes. Eager to listen to the recordings. And you should be. Except that this
note from me to you is just as important as the contents of the box you've
just opened. Why? Because this note will explain what you need to do and
how to do it.
I know some of you may be auditory learners and some of you may be visual.
For those of you that are visual, you'll want to read the manual right away.
My recommendation would be to listen to the audio first. Not so much
because the notes aren't complete by themselves. Far from it. The notes
were written as if I were writing a book. So the notes are complete as if you
bought a book from Amazon.com.
However, I do believe that you'll get far greater value from listening to the
audio and then referring to the notes because the audio is likely to have a
far greater level of depth. Learning is about understanding a concept in its
entirety, and I think the sequence of audio first, will give you a much better
learning experience.
Important Learning Tip No 1: I'm an auditory learner, but if you have me
sit in front of my stereo listening to audios, I'm soon bored out of my skull.
And if you're NOT an auditory learner, the audios will soon lull you into a
deep sleep. Now you and I both don't want that to happen.
So I'd advise you to do some activity when listening to the audio. Take a
walk. Take a drive. Dust furniture if you have to. And have the audio playing
either in the background or through an mp3 player/CD player. Yes, you can
burn these CDs onto mp3 and play it through your mp3 player . Of course,
be sure to have a little note pad nearby. The ideas will flow thick and fast.
And if you don't capture the ideas on paper, you'll lose them forever. (Don't
try this while driving!) Youll find a 12-page workbook that corresponds to
the audio. The workbook is a good place to take down notes. Make sure you
have the pages handy.
Important Learning Tip No 2: Your brain and mine is not made to
understand and implement the things we learn on the first round. No doubt
the ideas in this Home Study will excite you, but real learning will only
come from repetition. I'll repeat myself to make a point.
Real learning only comes from repetition.
Introduction
So if you don't go over the notes, audio etc., Several times over, you'll be
doing yourself a big disfavour. Make sure you listen/read the information
more than once and the gems will reveal themselves to you. Every time you
repeat the process, your business will have grown and so will you.
And yes, you'll understand the concepts and how to implement these
concepts in your own business, much better.
Important Learning Tip No 3: If you try to implement everything all at
once, you'll struggle. And you don't want to struggle. The whole point of this
MasterClass is to get rid of the struggle. So follow the sequence that I've
outlined for you, once you're done with listening to the audio and reading
the book. Remember, it's the simplest things that make you amazing profits.
Complexity is fine, but simplicity brings home the butter, bread and jam. So
pay close attention to the instructions and implement one thing at a time
and you'll be fine.
Important Learning Tip No. 4: You've been given resources. Some of the
resources are on the CD. Some of the resources are online. Some of them
will be in the teleclasses to follow. Depending on when you invested in this
product, you'll either have access to a live events or a recorded version of
the live events. Either way, the resources are meant to move you ahead.
Use these resources and watch your business soar.
Okay, okay, I know and notes. So here's what you need to do:
Instructions after listening to the Audio/Reading the Notes:
1) Define your message: Make sure you use the Brain Audit
2)Define your Three Prong System: This is VITAL. Don't miss out this step.
3)Define your Spider's Secret: What will you give away? What will you sell?
4)Define your Chug-Chug Marketing: The simplest things will get you the
biggest response. Put these little factors into place and you'll see results.
5)Put together a simple plan. Define three major things you're going to do
under the Three Prong System. Then make sure you set out a schedule to
implement the plan.
Education Revealed
Before I do anything else, I want to congratulate you. The Brain Alchemy Masterclass is a
highly evolved system of taking, giving immense structure and direction to your business.
The key to getting the most out of this Masterclass system and the concepts is to
understand the purpose of education.
So what does education mean anyway?
Education has often been mistaken as a term. Most of us have at some time believed
that education is all about stuffing. We believe education is about getting more and
more information. Lets go to the library, the book store and the Internet and fill our
brains with a squillion details. Thats what we think education is all about.
So try arguing with the Latin Professor
Because the word education is derived from the Latin word: Educare. The Latin root for
Education is Educare means to elicit- that is to bring out from within. The values are
all within us. We just have to bring them out and put it into practice.
See? See? Its not about stuffing
You have all of the skill and the abilities within you. Youve always had it. Youve always
known it. And if someone else can achieve wonders with their life, you can do the same.
Youve got to educate yourself. And to educate yourself, you need a catalyst. Something
or someone who can bring your latent abilities and talents to the fore. In short, thats
what you should expect to receive from the Brain Alchemy Masterclass.
Dont look for volume of content. Look for simplicity of concepts
As humans weve got the buffet mentality. We want to go to the All You Can Eat places
because we think well get great value. So we stuff ourselves like little pigs, we rumble
out of the restaurant and think weve gotten ourselves a great deal. Yet instinctively,
you know that eating mountains of food hasnt done much for your health. The same
analogy applies to your business. Once you understand the complete picture, you can eat
what you need. And grow exponentially.
And when I say grow, I dont just mean business-wise
You need to grow personally and spiritually as well. So that you dont run around like a
headless chicken searching for the next client. The clients will come. The profits will
beat a path to your door. But more importantly, youll have your peace of mind, your
happiness and your health.
This is what I wish you most of all. I wish you sanity. :) Sanity that comes from knowing
youve got a balance in your life. That wealth, health and happiness is yours in the
months and years to come. Nothing is greater than knowing that you have the power
within you.
Be prepared for an education like never before. Join me on a journey that is exciting,
scary and profitable all at once. Join me in finding what lies within you and how to get
it across to your clients, so that your future isnt some big mystery movie.
Lets get this show on the road. :)
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Failure Analysis
Youre headed straight for failure. We all are.
Lets face it. If all we had was success, wed never learn anything. And wed be bored
silly. Every movie would be a hit. Every business would be successful. Every thing would
be perfect. Or would it? So lets not run down the concept of failure because failure is
our biggest teacher. Its our friend. So lets give failure a name, shall we? Lets call him
Failure Smith.
Now you and Smith are best buddies. And Smith is pretty predictable. Sure he gets mad
from time to time and does things that you cant understand. But hey, hes your friend.
And over time you figure out if you do certain things in a certain way, both you and
Smith are nice and happy. And no one gets hurt.
No one gets hurt with failure
Because Failure Smith is actually a wise teacher. Hes got stuff in his head thats all
history based. He can go back in time and bring out twenty squillion examples of why
businesses fail. Whom we should be really afraid of is Failure Smiths cousin, Amanda
Risk. Ooh! shes a tough one. Every time we cross her path, she smiles that toothy grin
and we know were headed down another roller coaster ride. But hey, that roller coaster
is fun too!
So waitasecond have we got this Failure and Risk all wrong?
Absolutely. Failure and risk are nothing to be afraid about. Why? Because risk can be
managed. Theres no such thing as a crazy risk. Unless of course, it is a crazy risk :) If
youre smart with your risk taking, you can always come on top. And if your risk is
minimised, then wheres the scope for failure?
Oooh, good question!
Failure is within you. You are facing the wrong way my friend. Youre looking for external
events and situations to blame your failure and risk on. And external events have nothing
to do with it. If they did, everyone would be poor during the Great Depression. Everyone
would be rich in the booming nineties. But thats not the case.
So obviously its up to you as an individual. Its what you think about that causes you to
fail or succeed. Because thought is the most powerful tool of all. Dont believe me?
Wiggle your little finger. Look up at the ceiling. See. Your thought did that. Your thoughts
can make you upset. Can make you happy. Can make you weep. When you analyse
everything on our planet, its all about thought. As you sit at your desk reading these
words, you cant see your family. You cant see your friends. Yet they exist. They exist in
your thoughts.
Success or failure exists too
Yes siree, your success or failure exists in your brain. Youve heard that being told to you
before. But how the heck are you supposed to get happy and trampoline around the
place, if your business is rocking like a ship on a stormy ocean? The truth is you cannot.
You cant be happy when youre sad. But you can do one thing. You can use the concept
of control.
You control what you can. You drop what you cant control
Hey, Im no saint. I didnt wake up with this halo on my pillow. Ive struggled too. Ive
cried in my car driving to networking meetings, not sure what the heck I was doing. Ive
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changed careers too. Ive made mistakes too. And some of the things were out of my
control. And Id get mad. Id have headaches. Ive even been put in an ambulance and
chauffeured to the hospital on oxygen. Because the doctors thought I was having a heart
attack. I bet youve never done an ambulance ride. The reason Im telling you this is to
show you that youre not alone. That over the years, Ive learned to control what I can
control and drop what I cant.
The
The
The
The
Oooh, finally something I can handle. I handle the breakfast and look at the others as
something that I cant control. Some one other than me will have to handle the
troublesome issues. And as I write this note its 6:31 am in the morning. No one will turn
up till 8:30 am to fix the computer or the emails. The car? Well, Ill just have to borrow
my wifes car or take the bus. Breakfast? Heck, I cant let the breakfast burn! So off I go
into areas I can control.
Your business is like breakfast
You can control it. But you have to control your brain first. Because as Henry Ford, thrice
bankrupt, then super-tycoon said: If you think you can do a thing or think you can't do a
thing, you're right. I had to read that line twice before I got what he was saying. When
it finally got to me, I was astounded. Everything I achieved, I wanted to achieve come
what may. Everything I failed at, I didnt really want to achieve. So I took shortcuts. And I
failed. Hey, Failure Smith, lookeee what you did? And dont bring Amanda Risk into the
picture because the risk factor just went waaaaaaaaay up.
Its all in your head...to start with
You become what you think about most of the time. Thats true. And if you havent
already read the book As a Man Thinketh, by James Allen, do so today. You can download
it from www.asamanthinketh.net.
But thinking is like dreaming. You can dream till the cows jump over the moon. And the
dish runs away with the spoon (Naughty dish!) Yet nothing is going to happen. Take for
example this MasterClass. Why did I even bother? I get more than a regular income via
the Internet, via workshops held in this part of the world. I do enough speaking and
consulting to be more than content. So why take the risk? Why go all the way to
California of all places when Singapore or Sydney is so much closer? And so much less
scary? Why take the risk?
Is it risk?
I didnt see it as risk. On the downside if the workshop didnt get off the ground, Id lose
the room hire fees. And thats it. All the preparation for the class...all the 16 week
sessions and the pdfs can and will be resold. All the branding and trust weve created
wont go to waste. And the upside? Well theres profit. Quite a bit I must add. And profit
should be the case in every one of your ventures. Plus theres a chance to meet a whole
lot of subscribers, members and even some new folk. Its all in the brain. We didnt set
out to fail. We set out to succeed. We gently dropped off Amanda Risk at the last corner.
We made sure we listened closely to Failure Smith. And we moved ahead confidently. You
too can do the same.
Success is in your head. Now use your head :)
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Section 1
Risk Reversal
Uniqueness
Testimonials
Brain Audit
Problem
Getting Client's
Attention
Objections
Target Audience
Solution
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Section 1
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Section 1
THE PROBLEM
*The customer hesitates buying from you not because they dont want to
buy. Their hesitation comes from the fact that you havent got the bags off
the conveyor belt.
*There are seven bags on the conveyor belt. Every bag has a different
function. The earlier set of three bags get the attention of the customer.
The latter set of four bags reduce the risk. All seven bags have to be taken
off the conveyor belt in the customers brain. Once this is done, the
customer is far more inclined to buy into the service or product.
*The most powerful bag of all is the PROBLEM. This gets the customers
attention immediately. Magazines, newspapers, radio and TV get your
attention by using this factor very skilfully.
*Most advertising is in direct contrast to news. News uses problems to get
your attention. Advertising uses solutions. The level of excitement while
reading a news item can be several times higher than reading an ad which is
solution-based.
*We are naturally attracted to problems. People are more interested in
watching a building burn down than a building being constructed. A police
patrol car draws more attention than traffic passing by.
*Customers are swamped in a deluge of information each day. To get their
attention, your communication must address their specific problem. This
problem-based communication stops them in their tracks and forces them to
think. Often the thought process takes them into the future, where its
likely the problem may occur. They may not experience the problem
currently, but bringing it up, highlights it in their brain. It creates a sense of
urgency.
*Your customers biggest frustration is what you need to discover. Then
create greater pain on their brain by highlighting the message even further.
This causes them to instantly be interested in your message, so they can get
rid of their pain.
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Section 1
SOLUTION
*Solutions are vital. However they come after the problem has been
created. Dont jump the gun and put your solution before the problem.
Doing so will greatly reduce the pulling power of your communication piece.
*Solutions are pain relievers. They bring down the pressure cooker situation
created by the problem. They assure the customer that there is a light at
the end of the tunnel.
*Audit your communication rigorously for solutions popping up first. Your
natural tendency will be to put a solution first. Resist that temptation and
keep it second.
TARGET AUDIENCE:
*Everything depends on the target audience you choose. If you choose too
broad an audience, you risk the chance of alienating everyone. This is
because your message cannot be sharp focussed on a particular group of
people. However, when you choose a specific target audience, you flag
down the prospective customer immediately.
Eg: Womens clothes is too broad a target audience. Pregnant womens
clothes is far more focussed.
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Section 1
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Section 1
OBJECTIONS
Objections in the customers brain stops her from buying. This is what makes
her want to think about it. Once the customers buying desire is awakened,
they feel the need to go ahead, yet are slowed down by objections.
Its no use pretending objections dont exist or that the customer wont
bring it up. She may never bring it up, but it will still be on her mind. Your
best bet is to bring up the objection and destroy it. Your prime job at this
point is to show the customer why the objection is not really an objection at
all.
Find the biggest objection of your customer. This can be done by research or
if youre face to face, it can be done by skillful questioning. Then work your
way through the rest of the potential objections. Give logical reasons to
remove the natural fear the customer feels.
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Section 1
TESTIMONIALS
A testimonial reduces risk. Its all about you, but youre not saying it.
Someone else is. And that makes a huge difference. Its believable and
removes a large part of the doubt from the buyers mind.
There is great power in a testimonial but super power in the Reverse
Testimonial. The Reverse Testimonial is more in line with our naturally
skeptic nature. Work towards getting testimonials that are well balanced
with a good dose of initial skepticism.
Construct it with a Problem and Solution in mind. The key to a great Reverse
testimonial is the problem upfront. And then the solution. Pay close
attention to this fact. Always audit your testimonial for a problem and if
there isnt one -- get one! Remember the client came to you to solve her
problem. So the problem must exist. Use it to create drama in your
testimonial.
Make sure you have a good sprinkling of different angles for your
testimonials. Some clients look for speed of delivery, some look for
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Section 1
RISK REVERSAL
Risk is on everyones mind. Its what stops you customer from buying your
product or service. When you take the risk away from him, you create a
world where he cant lose. That spurs him towards signing on the dotted
line.
Recognise the fact that the customer is under tremendous pressure when he
buys your product. He doesnt want to look like a fool if something goes
wrong in the future. The only way to safeguard his future is to take the risk
upon yourself. That takes the pressure away, allowing him to examine and
fall in love with the product without the pressure of getting stuck with it.
A money-back guarantee is only one of the many forms of risk reversal. Ask
yourself what problem you solve for the customer. What does he stand to
lose if it turns to custard? Identifying the result he seeks is absolutely vital,
because hell measure his happiness and success level on that factor alone.
In many cases, a simple money-back guarantee will do, but often money
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Section 1
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Summary: 1
Brain Audit
Target Audience
Testimonials
Uniqueness
Risk Reversal
Objections
1) Be specific.
Problem
Brain Activator
Gets Brain's Attention
Eg: Police Car
Solution
1) Solution reduces heart rate
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Section 2
The Basis of Structure
Piggybacking Content
1) Money
2) Reputation
3) Freedom
Structuring Your
Business
Leverage Concepts
Consulting Concepts
Training Concepts
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Section 2
TM
Consulting
Most businesses use consulting as a primary source of income. Consulting is
pretty hands on and involves advising clients, monitoring the clients
progress and doing projects. To make it clearer, let me give you an example.
Imagine youre a web designer. Consulting would involve meeting a client,
drawing up a plan for a website, creating the website, monitoring progress
reports and all other related activities. Consulting requires you or someone
from your office to physically do whats needed. If the consultant cannot be
around, the source of income dries up.
Consulting = One on one.
Training
Many businesses will do some sort of training for their clients. Often this
training would be part of the consulting. So a web designer would spend a
fair bit of time explaining the concepts of a website, e-commerce, search
engine positioning, etc., to a client. This would be a normal, every day
occurrence to educate the customer and more often than not would be
unpaid time.
If you look at Training from a purists point of view, its simply about being
able to impart education to multiple clients at once. This training can be
complimentary or at a fee. A workshop, teleclass or speaking engagements
would constitute as training.
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Section 2
Leverage
Leverage is simply when you have a system or several systems in place that
generate a whole lot of income, reputation and freedom. Leverage is not
about being the worker but the manufacturer.
Read that again. Leverage is when you become a manufacturer.
In the truest form, leverage allows you to create a product and then sell
that product multiple times over. The whole system of sales can be
automated, leaving you with the simple task of collecting the profits. And
admittedly, looking at leverage in this simplistic way does the concept a
great amount of injustice. Let me explain: Eg: Say youre a chiropractor
and create a booklet. This booklet is sold at a small price of say about $10.
The booklet educates the customer at their cost. It also creates credibility
in the customers eyes, because youre only likely to author a booklet if you
have a reasonable knowledge of the subject. And the effort of writing the
booklet is a one-time effort and brings a perpetual revenue.
Heres a graphical representation of the Three Prongs SystemTM
Leverage
Training
Consulting
Three Prong
SystemTM
Books
Reports
CD/DVD
Videos
Recordings
Community
Speaking
Workshops
Schools
Teleclasses
Meetings
Advice
Presentations
Supervising Progress
Undertaking Projects
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Section 2
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Section 2
T L
L
L
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Section 2
Leverage
Books
E-Books
Audio Books
Audio Programs
Single Audio Cassettes
Video Trainings
Multi-Media Programs
Workbooks
Licensing
Home-Study Courses
Subscription Audio / CD Series
Newsletters
Radio or Television Show
Private-Label Magazine
Branded Retail Products
Mini-Books
Syndication Rights
Infomercial Product
Special Reports & White Papers
CD-ROM / DVD Training
Software
Seminar Company Workshops
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Section 2
Training
Group Coaching Programs
Mentoring & Apprenticeship Programs
Keynote Speaking
Breakout Sessions
Speaking Representing Your Employer
Public Seminars
Train-the-Trainer Programs
Corporate Training Programs
Presenter at Large Events
Boot Camps
Teleboot Camps
Teleseminars
Weekend Retreats
E-zines
Media Expert
Syndicated Column
Industry Conventions &Trade Shows
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Section 2
Consulting
Hourly Consulting
Long-Term Consulting Contracts
Subscription Consulting
Ghostwriting & Co-Authoring
Counselling Services
Compiled Reference Guides
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Section 2
Consulting
Leverage
Training
Sept 2002
Brain Audit
30 Page Book
Psycho Tactics
Workshop
Sept 2002- To Date
Individual Clients
Sept 2002- To Date
Sept - To Date
Articles Written
Treadmill One on
One Training System
July 2003-To Date
Web Trilogy
Teleclass
November 2003
Specific Issues
Consulting
July 2003-To Date
Feb 2003
Membership Section
5000 B.C. Com
Feb 2004
Fluid Brain
Brain Audit Website
Products
Brain Audit
Fluid Brain Book
Treadmill Home Study
Web Trilogy CD
16 Week Course
Brain Audit Rip
Brain Alchemy Home Study
How to Write Articles
Scientific Sales Letters
Publish Book on Three Prongs
16 Week Course
Teleclass
May 2004
Brain Alchemy
Masterclass
August 2004
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Section 2
Leverage
Training
Consulting
Products
Fill in the blanks above. Go on, try it for the bed business. Youll see how
easy it is to come up with the answers. And once youre done, listen to the
audio CD. Youll find that most people can come up with a whole bunch of
ideas that work really well for the three prong system. Then take this simple
model and put it to work for your company! Remember, the big thing is
about implementation, not about knowing. So go ahead and implement.
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Section 2
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Section 2
The best part about a product or training is that it creates more demand for
your consulting. And heres the big SECRET. If you can create more products
and more training...YOU DONT NEED CONSULTING. For instance we earn a
considerable amount each month through leveraged products and training.
This enables us to charge whatever we like for our consulting. If a client
finds us too expensive and doesnt want to hire us, were fine with that. If
they do, were fine with that too.
But best of all we can travel, take breaks and do whatever we choose
because training can take you places, like this workshop in LA. And products
sell through outlets like book stores, websites, etc.. No matter what were
doing or wherever in the world we choose to go. Is this making sense?
Of course you have an option
You can do NOTHING. You can go back to your old ways. You can do just your
consulting. Or sell your product. I mean, why bother with creating
workshops and booklets and stuff like that? Seems like a whole lot of work
to you, doesnt it? Yes indeed, its a whole lot of work and it may take twothree years before youre really starting to see some outstanding results. So
the question must arise. Is three years too long to wait?
The answer is simple:
If someone told you that you were going to get an inheritance in three years
provided you conducted a few workshops and wrote a booklet and created a
product or two, would you do it? The answer is most certainly YES! And you
know what? You dont have to wait for that inheritance. You can create the
wealth all by yourself.
How do you go about creating ideas?
Look on the Internet. Whats your topic of expertise? If you search the
Internet, youll find scores of topics to write or speak on to create products
and leverage of your own. You can go online and find workshops and what
they cover. So lets take a few examples of both products and services.
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Section 2
A random search for kitchens brings up tons of information. You dont even have to think! The right
hand bar, with the ads gives you products you can create.
Looking for training topics? Just a simple keyword like Kitchen Workshop will bring up a whole bunch
of workshops that you can conduct. I went to the Kitchen Workshop and they were full. Whod think
anyone would be interested in paying for a kitchen workshop? Yet customers do pay for workshops.
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Section 2
If you look at the websites on this page, youll never know they belong to the same business.
The website above is the consulting arm of the business and the one below sells product and
training. This client spent a lot of her time in consulting. When she switched over to training
and products, her business got a sense of structure. Now she can create more wealth and
freedom through training and product and is no longer dependent on the call of a consulting client.
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Section 2
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Summary: 2
Why Consulting?
Structure
Why Leverage?
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The Concept of Time
Record Everything
Store Everything you do
This includes e-mails you answer
Consulting Sessions
Training Sessions
Reinvention
Why it's such a
complete waste
of time
Concept of
Time
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If you spend a lot of time doing repetitive things, make sure you have
Canned Messages. Customers often ask the same questions repeatedly. If
you have a canned message section, all you have to do is cut and paste a
previously written message.
For example: At 5000bc.com (PsychoTactics Membership) there are multiple
passwords. Theres one password to get into the Membership section and a
personal password for the forum itself. To many people this is a pretty
straightforward exercise, but between 10-30 people get confused and type
in the wrong passwords and are refused access. Instead of re-issuing
instructions every single time, we simply cut and paste a message and the
client is able to solve his/her problem. It takes under a minute instead of
writing a 20 minute email.
Another angle to recording every thing, is the recording of client
conversations, sales pitches and just about anything that you do on a day to
day basis. With the right structure, you should be able to find a way to turn
all these recordings (either on paper/electronically/audio or otherwise) into
a saleable product.
For example: We store every sales email. Now whats the use of an email
once its gone out? Let me ask you this. If I could give you a book/cd full of
emails that have been used to sell workshops, sell books, sell consulting ,
etc., would you be interested? Then if I told you which of the emails worked
and why, would your eyes light up like a torch? Im betting they will. Yet
most businesses dont store any of their information. As you can plainly see,
this information will be turned into a very valuable product and generate
thousands of dollars over the years.
Another example: You get into a meeting with a client and you give the
client a lot of ideas, some of which you may have never thought up before
and are pretty specific to the clients questions. These answers might be
made in person or via email or via phone. Recording the communication is
very vital, because everything that you say, type or send out has
informational value. All you have to do is package the information and you
start to create a very powerful product.
Time Saver No.2: The Power of Mistakes
Imagine you have a website. And it doesnt work that well. You fix it dont
you? You get a new website design, you get new copy and bingo, suddenly
youve got sales. And you thank god you changed the website. Yet youve
overlooked one very great asset.
The asset is called Mistakes.
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3
Time Savers
Summary: 3
Record Everything
1)Recording allows you to
go back and use ideas,
concepts etc. Its dead easy
to transcribe, but almost
impossible to remember
a conversation in detail.
2) Recording systems makes
sure you dont waste needless
hours doing repetitive tasks.
3) Anything you record
becomes a potential product
down the line.
Harness Mistakes
1) Dont erase mistakes. They
are very powerful potential
products.
2) Take a mistake and the fix
and create a product out of them.
Its dead easy to do and great fun
and best of all it makes you money
without eating up too much time.
3) Mistakes can be sold to competition
as well as to customers. No one wants
to make mistakes. Theyd pay good
money to learn from your mistakes.
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Dont Reinvent
1) The single, biggest waste of time is
the concept of re-invention. Do it yourself
Turning Advice into Ideas
isnt all its cracked up to be.
1) When you respond to email, post
2) Learning from someone else shortens
on forums or give advice in any form
your learning curve by years, even decades.
youre actually creating a product.
3) Re-Invention can be avoided in communication.
Store this advice in a manner that can
You can write ads, create websites, write newsletters,
be repackaged and distributed. Advice
even create your whole business model based solely
can be turned into multiple product/training
on following a few companies.
and leverage systems.
Make Promises
1) Getting yourself into a deadline based
situation where you have to deliver is a
very powerful motivator.
2) Promises may not seem like a time saver
but it forces you to create and deliver product
on time. When trying to create product, most
businesses waste far too much time. A deadline
kills all the hooing and haaing and gets you
down to business.
3) Examples of promises could be a syndicated
column, an article, a newsletter or any thing
that compels you to deliver to a schedule.
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1) What is Piggybacking?
2) How to create catchment areas
3) Creating syndication
Piggybacking
Strategic Alliances
Leverage
Tools
Barter
1) Types of Barter
2) Barter Applications
3) Crazy Deal Barter
4) Barter Triangulation
5) Rules for Barter
here are literally dozens of leverage tools. Some of them take money
and time and a lot of effort. The three tools of barter, strategic
alliances and piggy backing are the simplest and the most easy to
implement. Which is why Ive chosen these tools to show you how you can
rapidly grow your business with little or no resources.
Lets start with barter. By now, youve probably realised that its going to be
one heck of a long road if you dont create a product or a series of products.
Ideally you should be able to back up your product with a training system.
And in the notes to follow Im going to show you how you can take that
product and get hundreds, if not thousands of dollars worth of product in
exchange for your information.
But before we start, lets just lay down the rules of barter.
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The Rules of Barter
1) Thou shalt avoid bartering services. Services are a pain in the you know
where and are way too ambiguous (thats a fancy word for vague). Youre
better off bartering products and/or training. Avoid bartering consultancy
under most circumstances.
2) Ok, so Im breaking the rule I just made. If you must barter consultancy
avoid bartering projects as far as possible. Barter hours for hours. That is,
Ill give you one hour of my time in exchange for one hour of your time. End
of story.
3) Barter at retail price not at wholesale. So your product may cost you $10
to produce but you sell it for $2000. Well, barter it for an equal value!
4) Barter with excess capacity. For example: If you have a workshop, dont
barter at the start. Barter at the end when you know how many seats you
have to fill.
5) Always make sure you have the paperwork. I cannot stress how important
this factor is for ALL business transactions. However in most cases, when
money changes hands, there is a tacit agreement. In barter, its almost
always verbal and confusion reigns supreme. Avoid getting into trouble and
needless arguments. Put it down on paper.
The next time you barter, look back at these rules. Weve made every single
one of these mistakes and paid the price. We were lucky. In most cases it
was more of a nuisance factor than a full blown nightmare. You may not be
so lucky, so make sure you refer back to these rules of barter before you get
any sort of agreement.
Types of Barter
1) Tangible
2) Intangible
Tangible barter is when you barter something for something. The value may
or may not be similar. So I can barter a product for another product. For
example, we will barter products such as the Brain Audit E book for another
product. Over the past year, weve bartered product for product on a
consistent basis. At retail this product were bartering for, may cost
thousands of dollars. However the cost of creating the product is just tens
of dollars plus shipping. If the product youve created is of good value,
youre very likely to get a whole bunch of product in exchange.
Therefore youll find me stressing on the importance of product right
through this series. With product in hand, you are literally creating dollars
without any effort at all.
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You can barter $1 for $1. Thats what most businesses tend to do. However,
if youre smart...tah, dah...youll barter $2 or $3 for $1. This is what I call
Crazy Deal Barter. Let me explain. Lets say your product costs $300. If you
go to a seller and offer a $300 product in exchange for their $100 product,
are they likely to reject your offer? In most cases, a seller will be jumping
out of their skins to make the deal as quickly as possible. Of course, theres
always the silent objection of Is this too good a deal? and thats something
you have to address when approaching the seller. Tell them why you want
the product and why youre willing to give them a superb deal in exchange
for their product.
So what sense does it make to give away $300 and get $100 in return? Ya,
ya, I know it makes no sense at all. But look at it objectively. How much
does the manufacturing of your product cost you? In most cases, its very
little and its been marked up for the market. Youre getting what you want
for a tiny sum. So why not go for it? Most people are too egotistic to
understand this concept. They want an apple for an apple. And they often
get nothing. Now if youre bartering services, an apple for an apple should
be the acceptable norm. If youre bartering products, however, give the
seller a really good deal. Youll soon have all the products you want at a
fraction of the price youd pay retail.
Intangible Barter
Intangible barter is when you get product/services without offering anything
very tangible in exchange. Let me give you an example. A movie critic gets
dozens of free movies to attend in exchange for a critique. The critique may
or may not be favourable, but the movie critic gets it all the same.
The key to intangible barter is to hold some position of POWER. Sounds
good eh? Except youre wondering how you can have this giddy headed
power. Heres how. You may not have realised it, but your client database is
a very potent tool. This means that if you have clients, you can recommend
the vendors product. The more clients you have, the more POWER you
accumulate. Effectively you get to play movie critic. You can approach
vendors and ask them for their product in exchange for a review. If you find
their product wonderful, youll recommend their product to all your clients.
If you dont find it wonderful, youll say nothing.
With this simple policy, weve managed to get lots of products that we use
in our business each day. Weve got accommodation on our business trips.
Weve even got software/hardware and professional advice. And its all been
because of us being able to promote the vendors product/service to our
list. Its important to keep the barter strictly business based. If you bring in
personal gain for business, youll looking at trouble with the tax
department. As always, check with your tax consultant.
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Piggy Back Riding
Piggy back. Who wants to ride piggy back? Most of us loved to ride piggy
back when we were kids. Well, heres the good news. You can ride piggy
back even as an adult. And you can use this simple concept in your
business day after day.
So what is Piggy Back Riding?
Piggy back riding is leverage of another kind. It allows you to create
what I call a catchment area. To give you an understanding of what I
mean, lets look at a dam. When the rain comes bucketing down, the
dam just sits there and traps the water. Theres no additional effort
involved. Once the dam is built and the catchment is created, it allows
you to use the water for power generation, irrigation and other uses.
This system of leverage can effectively be used both online and offline.
Online: Say you go to a site today and subscribe to their newsletter. In
most cases youll be taken to the thank you page once youve
subscribed. Notice theres no additional value for you as a subscriber.
Youll find the same scenario in place when you buy a product. Youll be
taken to a thank-you-for-buying-our-product-page and thats it.
These thank you pages represent a gold mine for you. If you can create
information/product thats really valuable, you are creating a
permanent catchment area. Every time someone buys something or
someone subscribes on that site, you can offer that client to come to
your site and get a free informational report/product. The more clients
come to the original site to subscribe/buy the more chances you have of
driving them to your site. The more the original site promotes their
business the more traffic they get and eventually more clients end up on
your site and if you do a good job, theyll become your clients as well.
Steps to create a catchment area online:
1) Approach a site complimentary to yours.
2) Offer to give their clients a free gift. This could be information or a
product or even a service.
3) Make sure you pitch the free gift as add on value for the sites
customers.
4) Ideally the customer should be directed to your site to sign up for the
free gift/service/product/information. This enables you to get the
customer on your client database.
5) The more the site promotes themselves, the more customers get
driven to your site and eventually become your customers.
6) A permanent catchment area is created. This catchment area requires
no supervision whatsoever.
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Steps to create catchment areas offline:
A concept is a concept. This myth of online and offline is eventually just
that - a big myth. Heres how you can use the catchment area concept
offline.
Lets assume you own a coffee store or a bed store or even sell
consulting/training in some form or another.
1) Approach a book store in the area.
2) When their customer buys a product offer a free coffee/discount on
purchase/free consulting/ free informational product.
3) This creates a permanent catchment area every time someone buys off
the book store.
Obviously, youve got to find a complimentary business whom you can work
with. However, once you set up the catchment area, theres very little to be
done. An offline arrangement will take more effort than an online one. Once
an online arrangement is set up, the customers will continuously be driven
to your site as long as the original page stay up. An offline arrangement
requires a bit of supervision from time to time to make sure it works
flawlessly.
Syndication
Remember those comics you read as a child? Remember those articles you
read and were enlightened? Remember the TV Comedy you just watched and
had a great laugh at? Theres one thing common with all of them. Theyre
all syndicated.
Syndication is simply creating content once and making sure it goes out to
tens and hundreds of content providers all at once. This system of leverage
forces you to meet a deadline and get your content across to an eagerly
waiting audience. If youre with me, youve already realised the importance
of creating content. In fact, youve pretty much understood that its an
absolute necessity.
So now youve only got to make sure it goes out to an audience. Except
where are you going to find that audience? Thats the key isnt it? Well
heres the answer. There are two kinds of audiences again: Online and
offline.
Online: No matter what you do, there are dozens of membership sites out
there. So if youre into gardening, marketing or computers, there are plenty
of members only sites out there. The owners of these sites have to keep
these members signing up year after year. Hence they have to provide their
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members with rich content and ideas. Because of time constraints, the
owners of these membership sites are always looking for great content. And
if theyre not looking, you can always suggest that youd be happy to
provide a regular stream of content for their subscribers.
Be sure to underline the fact that its darn hard to create content all the
time, and how you could provide another perspective on the topic on a very
regular basis. Now for you this could be reasonably easy if you didnt sit
down to write War and Peace(Thats a really big book by the way). If all
you did was write a paragraph or two of really good information and
syndicated it to the members site, youd not only be creating:1) A sense of discipline thats usually hard to maintain.
2) A system that would drive customers of the membership site to your
business on a regular basis.
3) Bit by bit, day by day, youre creating your product. If you keep up the
creation of content, you should have a product or two to go with little or
no effort at all.
Syndication isnt easy. Youve still got to knock on doors. And take the
rejection that comes with knocking on doors. But syndication has been made
a lot easier by RSS feeds. Thats Really Simple Syndication (RSS). So your
readers/membership sites can get a whole lot of content from you either by
you emailing it them directly or by an RSS feed.
Offline Syndication:
Offline Syndication is much harder. The expanse of an Internet site is
enormous. If a website owner wants to expand his website, all he/she has to
do is add on a few pages. This isnt the case offline. A newspaper/magazine
or periodical needs to physically make space for your content. This means
you have to be really good at what you do, plus make a really good pitch to
the editor. And youre unlikely to hit a home run on your first attempt. If
you persist, however, someone will move out and youll get your slot. This
method of getting noticed is much slower and requires a dedication thats
pretty full on. But the rewards are great. Once youre accepted in one
periodical, its often easy enough to get published all over the place.
If youre really, really, really good, a syndication agency will actually sign a
contract with you and publish your expert comments worldwide. Youll
actually get paid to promote your business. How cool is that?
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Strategic Alliances
Strategic alliances are probably one of the most powerful tools you can have
to improve your leverage. Imagine this. Someone has spent many years
cultivating a clientele and developed a great rapport with that clientele. If
that someone recommends you to their clientele, you manage to get all
the trust and credibility as well.
Now there are several ways to do a strategic alliance.
1) Where you get a commission
2) Where you create a relationship based on giving
Lets tackle the commission one first. This is the most common strategic
alliance that exists. Where you create a scenario that enables you to earn a
fee for your recommendation.
So lets assume you have a flower store and you send your client across to
the gift store, you get a commission off what is bought at the gift store.
Now the deal between you and the gift store is simple. You can tell the gift
store that youll send your customers across and in turn you get a 5%
commission and the customer you send gets a 5% discount. Effectively,
youre sending the gift store customers they would have never had. And in
return theyre paying you a commission for it.
And thats a system that can be used both offline or online. On the Internet,
youll often find one company promoting another persons product. Similar
to the flower store, a company will bring you a product at a discounted
retail price, but still get to keep a commission.
Thats one way of creating a strategic alliance. Where the motive is sheer
profit. And youll find hundreds, if not thousands of examples of profit
driven strategic alliances. And believe me, you can create multiple streams
of income from this one system. Coke does it with McDonalds. Your garage
does it with the tyre store down the street. The travel industry has got it
down to a fine art with strategic alliances left, right and centre.
This sort of strategic alliance is based solely on profits and commissions.
When the commissions stop, the relationship effectively grinds to a halt.
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Alliances vs. Networking
Dont get me wrong. I love networking. Nothing beats a breakfast, lunch or
dinner and meeting like-minded people. And it sure gets you out of the
office. But dollar for dollar, youre better off spending the time working on
your alliances than with your potential clients.
Why?
Ill tell you why? No matter how much you network, you can at best hope to
meet between two to three people. And those people arent necessarily
your best contacts. They arent necessarily likely to be your customers.
Youre just fishing.
But even a fisherman knows where to fish
You fish where the fish are. The nice little pond might seem like a great
place to get some fishing done, but if there aint no fish, you aint going to
catch any. So you do your homework. You find out whom YOU want to
contact. You find out what that alliance wants and then you start to do
some real networking.
You get in touch via phone. If theyre based locally, take a decision maker
out to lunch. If you need to converse via email, do it. Youll find that you
can quite easily create a product/service for their target market. Then you
can literally give your product/service away to their customers.
Read that line again.
Yes, you can reach hundreds, if not thousands of customers at one go.
Admittedly, youre still doing networking of sorts, but its at such a high
level that its just mind boggling.
So I know what youre thinking. Youre a small business owner. What can you
give this big company to give to their customers? To start with, it can simply
be simple product. So lets think up some scenarios.
Coffee Store Give coffee vouchers
Video store - Free Video/DVD hire
Microphones - Information on how to choose the best mike for presentations
Health - Information on Specific Health issue
Marketing - How to improve business
Dentist - Unknown information about Teeth
Garage - Fuel Economy for your car + Voucher
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I just pulled those professions out of my head. No matter what you do, you
can create a product that will get you in front of hundreds and thousands
of businesses at one go. Now, now. Dont start with the Fortune 500
companies. Start with a medium sized business and work your way up the
ladder. Eventually, youll find your ground level networking to be far less
productive than working with strategic alliances.
The Importance of Paperwork
You may think a handshake is good enough when youre working in any sort
of partnership. Let me clearly assure you that its not. The problem lies not
with ethics, but rather with communication noise. You hear what you want
to hear. The other party hears what they want to hear. What you tend to
end up with is unnecessary disagreements due to the noise.
One piece of paper with the terms clearly spelt out and signed by both
parties, is the most important thing you can do for your sanity. It doesnt
matter what the other party says just get it down on paper. Ive had a
series of issues with different companies where everything seemed hunky
dory at the start and then the entire deal turned to custard.
In the absence of the agreement you have chaos. And screaming. And I said
this and You said that. So could I have said all I wanted to say in the first
line? Could The Importance of Paperwork have been good enough to get
the message across?
So why did I take three paragraphs? Its just to underline the fact that
youre making one heck of a mistake if you dont get things down on paper. I
dont want to say I told you so, but Ill say it now. Some of you WILL NOT get
an agreement down on paper and will regret it. Ok, my responsibilitys over
:).
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Simple Leverage
Summary: 4
Simple Leverage
Piggybacking
1) Its very easy to piggy back off
another companys success. Its
important to lay the ground work
and create permanent catchment
areas. This ensures a constant flow
of customers to your business.
2) Creating a catchment area may
be a lot of hard work to start with,
but it works online with little or no
supervision. Offline it helps to
have some sort of supervision or at
least some sort of formal
agreement.
3) A good form of piggybacking is
the concept of syndication. As you
create content, make sure it
doesnt sit with you. The more you
get your information syndicated,
the greater the chances of you
getting a very wide exposure in
your field and eventually attracting
far more customers than ever
before.
Barter Concepts
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The Spiders Secret
The Spiders
Secret
ouve tried everything under the sun to get new clients. Well, almost
everything. You see youve been facing the wrong way. You keep
trying to get clients, to get referrals. And yes that works but its
pretty inconsistent. Sometimes it works and sometimes it doesnt and you
tear your hair out wondering what the heck you should do.
The answer is to stop trying to get clients. Use the Spiders Secret.
If you look at a fox, the fox is always trying to run after its food. Many a
time a fox will fail. Often it will go hungry. When was the last time you saw
a spider run after its food? Spiders are smart. They know what they must do.
They build a web and they attract their food to the web. And youve got to
learn the spiders secret too.
Learn how to draw clients to you instead of chasing after them like a fox.
So whats the secret? Its called GIVING. Thats it? Giving? Nothing else?
What kind of secret is giving? Actually its a pretty old secret. Its been
around for thousands of years.
Surely youve heard of Give and You Shall Receive, but hey this is business.
Why should that concept work for business?
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It works because of a simple reason. Its called the law of Reciprocity. A law
thats well know and reasonably well documented in the book Persuasion
by Robert Cialdini, that you must read by the way. When you give you bring
down the defences of the person youre giving to. They feel compelled to
return the favour. And bingo... you get back. Instantly youve created a
web. The more you give, the more you start to get back. So, if all you did
was created a web of giving and spun it around till it was nice and big,
youd keep getting back way more than you put in. Makes sense doesnt it?
So its example time.
A friend of mine Wayne was trying desperately to sign up potential
customers. You see, Wayne had just joined a freight forwarding company as
a salesman. And he was given a list of potential clients. Well, Wayne called
and called and called. And Waynes pitch was simple. He said, Hi Im
Wayne from XYZ Freight Forwarding and Id like to tell you how we can help
you with your freight forwarding. Then hed give details and prices and
basically never hear from most of the potential clients.
Wayne was clearly upset. This strategy wasnt working too well for him at
all.
So he used the Spiders Secret. He decided to give. But Wayne had no idea
what he could give. I mean he didnt own the company so there was
precious little to give. Except he did have information. So we sat down and
worked out the information he could give. Apparently he knew that freight
forwarding companies had their own skeletons in the closet. A client could
quite easily lose between $2,000 to $20,000 or more a year by minor shading
of currencies, etc.
Wayne found there were 20 different ways a freight company could rip off a
client. He jotted it down in a booklet called 20 Ways a Freight Company
Could Be Ripping You Off. Then he started making the calls. Hed give the
client two or three ways they could be losing money on the phone. And then
promised to give them the 17 ways when he got the appointment. And
Wayne started to get appointments galore.
At the appointment, hed give them his little booklet and then ask for
permission to keep in touch via email or regular mail. And hed keep sending
helpful information. Some of the prospects turned into clients instantly.
Others came on board shortly after. And Wayne kept converting clients as
the months passed.
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course, there are other ways to create the concept of giving. You can
actually give product or services. Maybe even someone elses services...Ooh
Im getting ahead of myself so let me explain.
In Julias case (refer to case study at the start of this chapter) she gave
away $50 pillows. Thats product and cost her real money, but it also
brought back a whole lot of customers that normally wouldnt return to buy
a bed. So the pillow was and is a worthwhile investment. If you have
product to give away, then its not hard to measure the direct impact of
giving vs. non-giving. To add to the resource, Julia also sent them a
newsletter. It was a series of collated articles from many places, cut and
pasted and put together. The customer got great information and a great
gift and headed back to the store within days of getting a quote off Julia.
However you dont always have to give away your product or services. As
you get skilful in your marketing, youll realise you can add on other
businesses as a giveaway. So Julia would invite her customers to a talk by a
chiropractor. In the bed store! And the chiropractor would give a
demonstration, give away some information plus some goodies and his
contact details. He got access to clients he would have never reached. And
Julia gets to give her clients an additional bonus by having another business
give away information and product. All Julia had to do was to convince the
other business- the chiropractor, of the value of getting clients that had
already warmed up to the bed company.
Of course, when the clients get to the bed company, what are they going to
look at? Why, beds of course! So you see, giving works. And you dont even
have to pay for it yourself. Which is cool, isnt it?
Why giving works
Its a trigger in our brain. Its almost impossible to get something and not
want to give something back. Its literally a balance of nature. Nature likes
to keep the balance going. It hates imbalance. So on the African savannah,
if the deer get faster, the cheetah get faster. The same balance applies to
life and business. Once you give, an unnatural force takes over and the
customer feels compelled to give back. The beauty of the system of giving is
that its really a form of branding. The more you give, the more you create
a sort of branding in the persons brain.
The weird part of the balancing is the imbalance
In many a case, while nature is trying to rectify the balance, it doesnt
understand how much to give back. So a pillow give away, results in the sale
of a bed. An hours training results in the purchase of consulting for a year.
The imbalance between what you give and what you get back is amazingly
loaded in your favour. So why wouldnt you give?
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But this is all touchy-feely stuff isnt it? I mean where are the hard facts
of giving?
Before Robert Cialdini wrote his book Influence: The Psychology of
Persuasion, there were few recorded instances of hard proof. As human
beings, we know that each time mum sent a few slices of chocolate cake to
one of the neighbours, they would feel compelled to give something back.
Maybe muffins, cookies or even an invitation to tea or dinner. Thats proof in
my book, but not in a scientists book. He or she needs to have the hard
numbers. In his book, Robert talks about a few scenarios that were proven,
tested and measured by irrefutable scientific proof. Here are just two of the
experiments.
In condition 1: When waiters were presenting their bill, they included a
mint for each person at the table.
In condition 2: When the waiters were presenting their bill, they included
TWO mints for each person at the table.
What happened is pretty predictable. But look what came in the next
condition.
In condition 3: When the waiters were presenting the bill, they included
one mint for each person at the table, started to leave, turned back around,
reached into a pocket and gave each person at the table a second mint
saying, "But for you..." (indicating they were given the second mint only
because they were special).
Let's look at what happened to the tips under each condition.
There was a 3.3% increase for just one mint.
There was a 14.1% for two mints given at the same time.
When the waiter gave one mint and then added a second mint, there was a
whopping 23% increase in tips.
Why would this happen? If we look at the "Principle of Reciprocity" we see
that when giving a gift of any kind, the key to making it more effective is to
make sure the gift is:
1. Significant
2. Personal
3. Unexpected.
In the third condition the waiter had all three of these elements.
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amount at a time, so they grind a lot of coffee well in advance. Once coffee
starts to sit around, it starts losing its flavour. When you drink coffee at
Stuarts cafes, your coffee is less than 30 seconds old. Its absolutely fresh
and delicious. Then the audience takes over. They ask Stuart questions
about roasting, flavours, types of coffee, the quality and origin of coffee
beans. Twenty minutes later, Stuart reels from the incessant questioning. To
his credit, he answers every question to their satisfaction.
Twenty five minutes later I ask the audience, Who would pay $4.50 for
Stuarts coffee?. The response is dramatic. Almost everyone in the audience
is now willing to pay a premium of almost 13% to drink at Stuarts cafes. And
the difference is simply education.
The customer doesnt know WHY they should buy from you. They dont
know what makes you different. They would love for you to answer their
questions but all they get is your portfolio. Look at your website and
brochures. Do they educate? Look at your sales pitch. Can it be turned into
an education? Look at all the marketing you do. All youre doing is selling.
Its time to do some telling.
Educate your customer. Because they have no idea about the value of your
product or service. Here is a previously written article that will tie exactly
to what weve been discussing in the previous paragraphs.
Why Are Customers So Indecisive?
Do you know why your customer wont buy? Youve given her the best price,
possibly even the best options. Yet she fidgets. Maybe, maybe not, she
ponders.
You stand by the wayside and sweat, praying the sale will go through. Then
almost inexplicably, it slips out of your hands, and you dont even know why.
You curse, rant and rave silently at her indecisive nature. Yet ironically, the
fault is all yours.
Dont agree? Hold your horses and youll learn a simple, fundamental
psychological factor youve been missing in your marketing strategy, and
how you can rectify it in a flash.
Why The Trees In Our Front Yard Are Still Looking For a Barber
Let me tell you a story about our front garden. Any time now, Im expecting
Tarzan and a couple of chimps to swing merrily by. Like something out of a
horror movie, the foliage has spread its tentacles, and now hangs
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instinctively trust people less who tell us less. Even if we do like the person,
we want them to open up. If you want people to trust you, you have to tell
them about yourself.
This instinct of distrust is hardwired in our brains, and youd do well to pay
attention to it. A lack of adequate detail doesnt help to build trust, which
is why customers go from hello to sayonara very quickly. Once you have
their attention, stop saying stupid things like, Buy from me, and start
giving them all the reasons WHY they should buy from you (read the article
on The Power of Why). Add spices to your marketing strategy curry, and your
customer will be captivated by the aroma. Churn the gastric juices in their
brains. Make them salivate. Get them to drool. And when theyre ready to
eat, feed them well.
Ta-Ta Risk
Telling the Whole Story eliminates a big hurdle called risk. The less your
customers knows about you, the more they are frozen in indecision. When
faced with this scenario, they resort to the only thing they knowprice. Just
like you, they make a decision on the cheapest, trashiest option available
because thats all you gave them!
Abolish the hazard of your customer choosing to buy solely on price. Give
her a first class education about why she needs to buy from you.
The worst thing you can do is leave her hanging without sufficient info.....
Educate your customer well
Ill give you another example before we move on to the next section. I
consult with a sofa company. Here are only some of the factors that are
vital for you to know when youre buying a sofa.
1) The range of colours. What colours to choose if youve got kids.
2) The types of fabrics. How to use different fabrics for different rooms.
3) The foam. What are the foams available and what to look out for.
4) You health. How to choose the sofa which doesnt absorb moisture and
get mouldy.
5) The arms of the sofa. How to choose sofas that will support
heavyweights.
6) The support system. Do you need one or two? And why does it matter.
7) How to give your sofas a different look each season.
8) The importance of the wooden frame and how it can make a comfort
difference.
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Now if you were buying a $5,000 sofa youd love to know a lot about this
wouldnt you? To the sofa dealer this is old hat. Thats why youve got to use
your brochures, posters, websites, newsletters, ads and any other media to
keep education. Just remember, as long as youre selling your up against a
wall. When you tell, customers lower their wall and welcome you with open
arms.
Be a teacher and see the difference it makes to your business.
Do you know how the dictionary definition of a client? Youre guessing arent
you. You think a client is someone who pays for your holidays. Someone that
pays your office expenses. Someone who can be an angel one day and a pest
another day. You help the client overcome their challenges and voila...they
pay your bills.
Websters dictionary violently disagrees with you
Heres how Websters dictionary defines a client. One who comes under
your care, protection and guidance. See that? Youve kinda got it wrong
mah friend. That dictionary is telling you just how you should be treating
your clients.
So read the article below. It will give you an idea of where you should be
headed and how your dealings with your clients should be from now on. And
by golly, if you detest your client, maybe its time to get clients that you
adore and can care, protect and guide.
Are you concerned about customer loyalty? Are your customers so loyal that
they will stick with you through hell and high water? And if not, you really
need to question how you can create a customer relationship thats so gluey,
that you never go bluey in the face. Funnily you dont have to go far. Reach
for your Websters dictionary and youll discover a hidden secret to
customer loyalty.
Do you find it amusing? Giggle if you must, but stick with me and I will show
you the simplicity and longevity of this sane advice that will change your
marketing strategies and tactics forever.
But First, Lets Look At Nasty Hurricane Andrew
In August 1992, Hurricane Andrew went bananas. Like a drunk on one too
many Tequilas, he tore into South Florida with wind gusts of 175mph,
redrawing the landscape as he stomped onwards. Approximately 600,000
homes and businesses bore the brunt of his menace.
By the time Andrew left, he had run up a tab of $26 billion dollars and the
curses of some very, very angry insurance companies. Andrew had single
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become the guide and the protector. You create a bubble as secure as you
can to make absolutely sure they get the very best.
Scary, isnt it? Especially when you look out there at so many companies,
whose single motive is to simply get the sale and move on.
Hurricane Andrew Moved On, State Farm Moved Up
As soon as the brouhaha of Andrews visit died down, up came the vultures
from other insurance companies. They tried to woo State Farm policy
holders with discounts and other incentives. Most of them found doors
slammed in their face. Their customers were staying loyal no matter what
bait was being dangled in front of them. When the chips were down, State
Farm pitched in to help like family. There was no way the customers were
going to let down their own family.
Adhering strictly to Websters, State Farm had cared, guided and protected
its clients. And the clients were repaying that with rock solid loyalty.
Leo Burnett Did The Same With This Hidden Clause
The same principles apply to Leo Burnett. Like mother hens, they fuss over
their clients, doing acts of guiding and protecting that other agencies would
never even consider. Its first client, Green Giant, is still a customer some
sixty years later. Even back then, founder, Leo Burnett, put in an additional
clause that enlarged the standard vendor agreement of buying space,
producing ads and maintaining confidentiality.
It read: Counselling with you in regard to your advertising and sales efforts,
seeking new ways to improve your advertising, make it more productive,
and in every way within our power, working with you to advance your
business.
Hey, those customers are going to walk anyway, once they find their exact
needs arent being met. And if they get stuck with something they dont
really need, theyre going to be mighty mad once they find out. You arent
doing yourself or them a favour by making them stick to what you have to
offer. Sending them to a competitor that you know will treat them well,
endears you to the customer and ensures a tidy profit as well.
Welcome To The Land Of Endless Loyalty
Loyalty at its very roots is exceedingly simple. Its exactly like a parentchild relationship. While no doubt you will come to depend on technology as
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your client base grows, the enduring thread that binds it all is the
underlying psychology.
Inevitably, you wont always have a trouble-free course, and both Leo
Burnett and State Farm have had stormy days. The only way out of the
driving rain is to heartily embrace the care, guidance and protection
concept. Let it be your guiding light, far superior to any mumbo jumbo
mission statement, leading to exponential profits and devoted clients.
All you have to do to succeed is play Mother Hen.
And say a silent thank you to a certain Mr.Webster.
--------------------------------------------------------------------------------------------The Leaky Bucket Syndrome
Loss of clients are inevitable, no matter what you do. The aim is to gain a
whole lot more than you lose.
Heres the math:
Lose 5% Profits - Gain 10% Profits= Double the size of the business in 14 yrs
Lose 5% Profits - Gain 5% Profits = No Growth
Why Profits are not a good measure of Loyalty
1) You cant measure defections
A bank manager might think hes got great customer loyalty. After all none
of the clients have closed their accounts in the past year. These facts mean
nothing. Because the clients can quite easily be dealing with other banks
and doing a huge number of transactions. On paper, Bank 1 sees their clients
as being loyal, but defection and profits are not a good measure of loyalty.
For example: I have three merchant accounts to accept credit cards to sell
product via my website. I first started with merchant account No.1. I still
havent closed my account there. But most of my credit card transactions
are now processed through the other two merchant accounts.
The account manager at merchant account No.1 may look at his figures and
think Im still loyal. But Im not. Ive just dumped their account. The
account manager should have been in touch with me. If they had, Id have
told them why I was moving. And they could fix the problems thus really
creating a sense of loyalty.
2) You can juggle figures
If youre a big company, you can layoff staff. That will increase profits. If
youre a small business, you can cut down on expenses. That will show a
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profit. And your accountant will be happy and so will you.
And good on you! But this system doesnt allow you to measure loyalty.
The only real measure of loyalty is repurchase loyalty. When the customer
keeps coming back to you time and time again, thats the only measure you
have to understand the level of loyalty.
Oh and theres one more. The level of complaints. The more you can get
your customers to complain, the more you can get them to stay with you.
Understand the reason why customers complain. They want you to fix your
act. When you dont encourage complaints, youre doing yourself a big
disfavour. Get customers to complain. And see your loyalty going up.
Of course, if you care, protect and guide you just cant go wrong! :)
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4) Why cross selling is vital for some businesses
3) How can it be an additional income source?
2) How does it impact your business?
1) What is cross selling?
Cross Selling
Chug-Chug
Marketing
Bundling
1) What is bundling?
2) Why Bundle? Benefits
3) How bundling helps customers
4) Why bundling causes people to buy more
Sequential Selling
1) What is Sequential Selling?
2) How does it work?
3) Why is it important?
4) Examples of Real Life Selling
f you really want to grow your business, youve got to stop thinking tactically all
the time. Most businesses dont think through the process of where their
customers will go over the long term. They dont work out the strategic vision
in advance. Put together a sequence of how you want the customer to progress
over time.
For example, here is the logical progression of a PsychoTactics customer.
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The up sell is legendary at McDonalds all over the world. You ask for a burger, and
you get the inevitable question: Will you have fries with that? In one second,
youre nodding affirmatively. And its not because the pimply-faced teenager has
cast a spell on you. Its because youve immediately figured out that the fries will
be a cool addition to the burger. In one second, McDonalds totes up squillions of
dollars around the world as gazillions of heads nod in favour of the fries.
Yet look at most businesses around the world that sell services or products. They
never, if ever up sell the Fries. Why? Beats me. Its good for the customer, its
good for you, so why these business owners avoid up selling their product/service is
the worlds biggest mystery.
Then again, maybe its not. I know the real reason. They think its B-O-R-I-N-G! Like
zzzz, yawn, snore, snore. Its far more exciting running after new clients and doing
all those exciting things instead of an up sell. I mean who does up sells?
Heres a hint...
Every single time you buy from Amazon.com, you get an additional bonus. You get an
opportunity to buy a product thats similar. This up sell isnt done some of the time or
most of the time. Its done ALL THE TIME. Every time. And thats the biggest learning.
How do you up sell every single time to your customer?
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Every single time you buy from PsychoTactics.com, you get up sold into a logical next level. So
why do this? Is an up sell just a money making ploy? It shouldnt be. The up sell should be
mainly for the customer to get even better value. To improve their overall experience. If the up
sell you have right now doesnt work for the customer, find something that does work.
Remember the Care, Guidance and Protection. This is the Guidance factor at work. The
customer has no idea what is possible. And what benefits she can avail of, once she starts
working with you. As customers we dont know what we dont know. Your job is to tell your
customer everything they need to know. And sell to them in small bits and bites.
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There are three other reasons why business dont up sell their products. Pick
which one applies to you. :)
1) The Up sell isnt put into a system.
2) The business is too lazy to do an up sell.
3) The business doesnt want to appear to be like McDonalds.
Reason 1: It doesnt matter if you already have an Up Sell. There are
squillions of places to Up Sell. And if you dont sit down and audit what you
can Up Sell, guess what? Youre never, ever going to Up Sell. So get together
everything that you sell and lets do an audit.
Say youre a website designer. You sell a person a website design. Can you
not sell a maintenance package? The guys who sell fridges do it all the time.
Why cant you? Heres what you tell your client. Heres a maintenance
package. Over the next 6 months, you can make 25 changes to your
website. If each change took me about an hour to do, it would cost you
$2500. Ill make 25 changes to your website at just $800 or $500 or
whatever. Now thats a bargain. Will the client take it up? Of course they
will. Some will. Some wont. But add up just 10 clients a year. Does $8000
remind you of a nice holiday in the sun? Of course, here Im just structuring
a concept at the top of my head. It doesnt have to be a maintenance
project. You can Up Sell the client web analytics, search engine
optimisation, e-commerce options, marketing programs for websites. Yes, I
noticed you dont do any of the above. But hey, the client needs it. So why
not offer it to the client? I know why youre not offering it to the client. Its
not part of your system.
When I go to Foodtown (a local supermarket chain) they always ask me if I
have a Foodtown card. You know how they remember each time? It flashes
up on the screen. So the person earning $7 an hour, slaving it out, tired as
hell still asks the question every single time. Its da system, maan. Youve
got to put it in da system. And then you Up Sell without thinking too much.
Put it on your sheet of paper when youre selling face to face. Have x
number of steps that you need to cover. Put it on your website as people
buy your product. Get your sales people to always ask for the Up Sell. Why
do you care if the customer says no. Why do you care if the customer says
no 99 times out of 100. Even if you get one person saying yes to the $800
maintenance plan (see above) its money in the bank, isnt it?
Reason No.2: Youre lazy. Yes you are. Otherwise youd have put the Up Sell
in your system. I cant help you. You can only help yourself. Get off you're
your you-know-what and fix these revenue drainers.
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Reason No.3: You dont want to be like McDonalds. Oh come on...dont fool
yourself. Youre not doing yourself and the client any favours. The only
reason you dont do the Up Sell is not because you detest the McDonalds
way, but because you dont have the nerve to take rejection. Because you
know what? Every time you ask for an Up Sell, youre going to be rejected.
Yes. Over 50% of the time, people will say NO. And youll remember the
NO. And blissfully forget about the YES. In fact, to make this Up Sell work
for you, you only have to get one YES all year. Thats it.
So stop saying you dont like being up sold. When you go to the restaurant,
the waiter asks you if youll have another drink. And you say yes. Thats an
Up Sell. So yes, you do like having that second beer. And yes, youll hate
yourself tomorrow, but you would like the chocolate syrup (Up Sell) on
your double chocolate cake with chocolate pieces.
Do yourself a favour. Up Sell till it becomes part of you. Then you will be
doing both your client and yourself a big favour. And the client will be a lot
happier as well.
When to do an Up Sell
The client is most ready to buy at the point of purchase. Were little greedy
creatures. We dont want one thing when we can get two. So if we can get a
nice little discount on two things, well go for two. But once were past the
payment stage, were off in the big wide world distracted by something else
altogether. While were at the point of purchase, all we want is what were
going to get. And if youre going to put some chocolate syrup on top, yes,
well have that too, thank you.
So make sure you always do an Up Sell at the time of sale. Of course, you
can always come back and do the Up Sell later. And that works too. I mean,
youve got to keep asking the client: Do you want chocolate syrup? When
the client has got chocolate bubbles coming out of their ears, theyll tell
you to stop. You dont even have to be pushy. You can be kind and
consistent. The client will tell you when theyve had enough.
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The Cross Sell
If you dont have products or products of your own, dont panic. Lets take for
example the fact that youre that web designer. Sure youve done your bit and up
sold the customer a bigger, better website design. But once youre done with the
basic up sell, youre stuck, arent you? Well...not exactly.
Theres always the Cross Sell. A cross sell is when youre selling someone elses
product or service to your customer. Again its about enriching the customers
experience. Logically, a customer may greatly benefit from a search engine
optimisation tool or service. Or, from a measurement system that records the
activity of your visitors. Its easy to team up with service and product sellers and
offer their products/services off your website.
Again, dont disregard this advice. Ive seen business after business walk away from
hundreds if not thousands of dollars of opportunity. These business owners just
never worked the cross sell into their system. The smart business owners sipped
chilled Margaritas on hot Jamaican sands, while these not-so-smart ones sat at their
computer screens and cried in their coffee cups. (Ok, so my imagination is running
wild, but I am trying to make a point here :)
And if a big shot website like Amazon can constantly cross sell, theres no reason
why you shouldnt do so as well. Its logical and simple and once you do put your
systems in place, you never ever have to do it again.
Notice how Seal, Dido, Sarah and John Mayer are being sold right along Stings album (which is
fabulous by the way, if you havent heard it!) The other artists are the Cross Sell. Theyre not
produced or sung by Sting, so in effect theyre products from another company altogether.
However, they make sense to the customer. Quick! Jot down how you can cross sell someone
elses product or service and make your customers experience more rich and complete.
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Bundling
Im not in favour of discounts. Theyre like a cancer. There are only two exceptions
to this rule in my book.
1) Give discounts when Bundling
2) Give discounts for Early Bird Offers
Bundling literally means getting the customer to buy three or four items or services
together. For you this means a bigger sale. For the customer the bundle represents
a saving of some sort. So if they bought one service off your site, theyd pay x
amount of dollars. If they bought 2 services theyd pay 2x. However, to incentivise
your customer, you should offer 4 services for the price of less than 4. So for
example, theyd pay 3x for 4 services. This could represent between 10% to 25% or
more depending on your profitability. However, in this case too, the bundle makes it
more enriching for the customer. How would you like to have a monitor without a
keyboard or a mouse. Imagine you had to go out and buy them separately one at a
time. Wouldnt that be super frustrating? The computer industry uses the power of
bundling ALL the time. And thats why you and I are clickety, clacking our way each
day.
The more products and services you develop, the easier it is to bundle them
altogether.
When we first started PsychoTactics.com, the Brain Audit was sold by itself. PsychoBranding too
was sold by itself. We tested and sold both of them together by bundling the books. And the
uptake was instant. Over time, we found it was completely pointless to sell the books
separately. So now you get the PsychoCombo as one product. However, on certain pages of the
website you will get a bundle package where you can buy the Membership to 5000 B.C. along
with the PsychoCombo.
As we add more products and services, they will be tagged on to the combinations above and be
sold as a bundle. You too should start working towards bundling your products/services. Its the
sanest way to grow your business.
Let me emphasise. Bundling too can be done with strategic alliances. You dont have to have
your own products. You can get another product or service and bundle it with yours. Eg: A
copywriter can bundle with a designers services. A mobile phone can bundle with accessories.
There are loads of products and services you can bundle with and you dont even have to
purchase the other persons product at full price, because in effect youre advertising for them.
So there you go. You can get yourself a complimentary product or service at a discount and then
promote it at full price. It works for everyone. The customer gets great value. You get a quicker
sale and a margin of the price and the complimentary product gets free mileage and sales they
would never have done. Its profit all around.
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Section 6
Chug-Chug Marketing
1
2
3
4
5
Package 3:
1) Product/Service 1
2) Product/Service 2
3) Product/Service 3
Cost: $1995
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Section 6
Chug-Chug Marketing
The How of Bundling
If youre dealing with strategic alliances, bundling can be a bit tricky. Heres how
you can ensure that everything you do is above board. The alliance youre dealing
with is going to have to know the details in advance too. Heres how you can make
sure everythings pretty clear and upfront.
If youre selling another persons digital product:
a) You could set up an affiliate account with an affiliate service provider. When
someone buys a bundle from you, the alliances account gets automatically credited
for a fixed amount as an affiliate. Because its automatic and because it goes
through a third party (eg: Clickbank), there is no doubt.
b) You could set up an agreement where you swap products. When the alliance does
a workshop, youll give her as many licenses for your ebook or product as she
needs. And when you have your workshop, she will give you as many licenses as you
need. Does this make sense? Ah, yes it does. Nothing is random at PsychoTactics, so
Im going to reveal the biggest secret I know. Its called giving it away to get loads
of business.
Let me give you an example: With selected alliances, we give them a copy of the
Brain Audit to give to their clients or sell to their clients. They get to keep ALLl the
money, but theres a catch. They dont have access to the product. They send us
the details and we ship out the product either via email or by CD. What sense does
this make? Why should they keep all (like 100%) of the profit and we lose additional
money in shipping? Its called front end-back end.
We get a database and we control the delivery
When the person gets one of our products, they read it or listen to it. And we have
them on our database. We can speak to them. So yes, we technically lose the
dollars we could have made by selling the product. I say technically, because the
product is going to an audience that we would never have reached. So its not really
harming our bottom line. However, heres the nice part. Customers whove bought
the product then end up communicating with us on a regular basis. They get to
know us and finally buy into more products or workshops priced at anywhere
between $750 to $2000. Can you see how this works? You could convince your
alliance to give you free product, specially if its digital and requires no recurring
cost of production. They get to contact the customer directly and possibly sell the
customer some related products or even up sell the customer.
To sum all of the above. With an enlightened alliance, you can continuously GIVE
away products or sell them at highly reduced rates. It makes huge sense for the
alliance because it brings them customers they would never have had. Of course,
youre going to run into blubbering idiots. Its inevitable. Theyll think youre
ripping them off. Theyll refuse to share the profits. Theyll refuse to give you the
products at a discounted rate or for free. And no matter how much you educate
them, all theyll be interested in, is the money upfront. Dont waste your time.
Work with the smart ones.
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Section 6
Chug-Chug Marketing
Give your alliance the chance to control the delivery. That makes it easy for them
to collect their part of the profits or to add to their database. Its important for you
to find people you can trust and whose work you can trust. Do a pilot program. See
what works for you. Once you get this bundling going, its a great deal for all.
If youre dealing with Service Bundles
Its pretty easy to work this out. The alliance has to deliver the service, so they
know when your client takes up the offer. Make sure the service bundle states very
clearly that the discount offered is based on certain conditions. Eg: If your alliance
is a copywriter and is very busy at the time, there should be a clause that the
bundle only applies when the time is freed up. This gives the copywriter some
breathing space. However there should also be a time limit of say no more than 4
weeks after the first contact has been made and the brief is explained.
Service Bundles are infinitely harder to control. It depends on the other persons
integrity, deadlines, commitment to deliver and the fact that his lover hasnt run
off with his best friend. Too many imponderables come into play. And it can
seriously undermine your reputation. This service alliance is a minefield, so tread
very carefully. You could end up wasting more time, money and energy if the
alliance isnt totally reliable. Do your due diligence, its vital to your peace of
mind. The little extra money you make may not be worth the trouble.
Bundling Physical Products
If its a digital product, you can probably get the alliance to give it to you for a very
small price or even free, if you explain the back end concept well. However, with a
physical product, there are production costs involved. The alliance might be
enlightened enough to know they can still give away the product for free (even if it
costs them money to do so) or they may ask you for a small price. Pay it. Its worth
it. On the other hand, you may be able to buy their products on a as-needed basis.
You fix a price with them at the start and they ship their product to you or direct to
the client on demand. Ideally you should have the product with you in advance. You
can agree to pay the alliance for any goods used in three month/six month cycles. It
would work like a royalty cheque in a way.
The best bundle is your own. However, theres always scope for working with others
whom you trust and who can trust you. Try it. You never know till you do.
Note: You will have to check what is legal in your country.
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Cross Sell
1) You dont need to have your own product
to create more profits. You can cross sell
another business products/services
2) This is vital in businesses that have
very little direct existing customer potential.
Eg: Swimming pool sellers. They cross sell
other services/products
Chug-Chug Marketing
Summary: 6
Chug-Chug Marketing
Sequential Selling
1) Sequential selling is what will drive
the revenue of your business. Existing
clients are the biggest source of revenue
for you. Youve got to work out how to
sequentially sell the customer.
2) Sequential selling is vital if you dont
want to run around like a headless chicken
trying to get new business all the time.
3) Sequential selling incorporates the
core of Care, Protection and Guidance.
You cant care for your customer more
than when you sequentially prepare a
sequential growth program.
Up Sell
1) You can Up Sell most of your product/services
2) Up Selling provides instant income
3) The best time to Up Sell is at the point of purchase.
4) The reasons most companies dont Up Sell is because
a) They dont have a system.
b) Too lazy to audit and put an Up Sell in their system.
c) They blame McDonalds but are too afraid to get a NO!
Bundling
1) Bundling increases customer desire to buy
2) It helps you sell multiple products/services
at one go thus increasing profits
3) Bundling increases customers satisfaction
4) Bundling has to be carefully structured
with strategic alliances.
5) Often clients will buy the entire bundle
just to get at one of the products.
6) Make distinct packages and sell them.
Package A, Package B, Package C.
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1) Up Selling
2) Cross Selling
3) Bundling
4) Sequential Selling
Time Concepts
1) Reinvention
2) Recording Everything
3) Storing Mistakes
4) Recycling Information
5) Disciplining Yourself by Committing
Leverage
1) Piggybacking
2) Strategic Alliances
3) Barter
STRATEGIC
BUSINESS
Brain Audit
1) Problem
2) Solution
3) Target Audience
4) Objections
5) Testimonials/Case Study
6) Risk Reversal
7) Uniqueness
Structure
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